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the economy is right now. every economist predicted roughly 90,000 to 120,000. this economy doesn't feel like the employment improved this level. it is just -- maybe it's a coincidence that the month before the election, we have a number that comes out 1/10th below when the president took office. >> sean: jack welch is not the only one tawing of this timely development. listen to what business insider said on fox business new york this morning. >> i feel like i am watching a movie, a suspense movie. because there is no way in the world these numbers are accurate. and somebody needs to dig real deep into this. how in the world, miraculously, we have the best flz 30 years, right before the election? somebody needs to do an investigation, like they are doing an investigation in libbia. they need to investigate the numbers because there is no way in the world these numbers are accurate? >> the same administration not telling the truth about benghazi and libya and the death of four americans. there are very important questions that need to be asked of the obama administration. when you look at the
as it seems? erika miller takes a closer look at the data and what it says about the u.s. economy. >> reporter: 3-tenths of a percent does not seem like much. but, when it comes to the nation's unemployment rate, a 3- tenths of a percent drop is actually staggering. the unemployment rate now stands at 7.8 percent. that's the lowest level since january 2009, when president obama took office. even more remarkable is the reason for the drop. >> the unemployment rate decline was not because people dropped out of the labor force. to the contrary. the labor force actually but the household survey estimate of employment increased even more. >> reporter: the household survey shows total employment rose by 873,000. that's the biggest gain since ronald reagan was president. but there's a catch. two-thirds of those jobs are part-time positions, taken because no full-time work was available. and there's another troubling sign: >> what we have is hiring that is concentrated, most recently, in the government sector. hiring that is concentrated, most recently in education and healthcare. a little bit of posi
like jobs and the economy, the federal debt, and the future of medicare. tonight's debate is being broadcast on television stations throughout virginia and you can join live conversation about the debate on twitter, hashtag, people's debate. here is a look at the guidelines for tonight's debate. candidates will answer questions from me and our panel of four. for each question, each candidate will have 90 seconds to respond. the other will have 60 seconds for a rebuttal. there may also be a need for an additional rebuttal with a follow-up question which i will ask at various times. at the conclusion of tonight's debate, the candidates will have two minutes each to sum up their thoughts. let's meet the panel. from the league of women voters of virginia, president lynn gordon. from wtvr cbs 6, anchor stephanie rochon. also joining us, the state director of aarp virginia, bill kallio. and from wcve-fm, vice president and general manager bill miller. thank you all for being with us this evening. it was determined by a coin toss that tim kaine will be the first to deliver his opening sta
economy. >> 7.8. >> 7.8. >> there's no way that's right. >> there are some people out here who don't like this number. >> the harsh back and forth. >> over today's jobs reports. >> now we've sea got jobbers. >> business pioneer jack welch calls these numbers into question. >> these numbers don't smell right. >> jack welch was a successful businessman. >> this is about asking questions. >> on this subject he has absolutely no idea what he's talking about. congressman west, take it away. >> you can't deny the numbers. >> don't challenge my intelligence. >> there's not a shred of evidence they've ever manipulated this number. >> people have stopped looking for work. >> more and more people have just stopped looking for work. >> that is definitely not the case. >> completely wrong. >> people are not giving up. they're gomg back into the work force. >> i think i get the last word. >> i won't allow that to happen and that is why i'm running for a second term of president of the united states. >>> good evening, i'm ezra klein in for lawrence o'donnell. it's 32 days until the election, though we
and seems clear two battles tonight. one is over the state e of the economy right now. obama is going to say that he has made a lot of progress bute basically going to ask for mor. time to finish the job. t the romney camp says this is where their guy is going to be tough on obama's record in the economy over the last four years and he will say barack obama made a lot of promises in 2008 and hasn't kept the promises. they don't worry about their are guy being likeable and say the key is to stay on offense. the other battle over the plans for the next four years where o obama will be tough on romney and say this is a guy who wants to give tax cuts to the wealthc and to voucherrize medicare. romney will say he is the defender of the middle class. t both sides say this could get heated tonight. >> chris, thank you. >> good evening. >> we go to jim lehrer of pbs moderating this debate. >> i'm jim lehrer and welcome you to the first of the 2012l presidential debates between president barack obama the democratic nominee and former, massachusetts governor mitt romney the republican nominee. this de
for the last two months finding the economy actually added 181,000 jobs up from 141,000 in august. and in august the economy added 142,000 jobs up from the initially lack luster 96,000 initially reported. so there were in total 200,000 new jobs on this jobs report. president obama tried to put today's good news jobs report in context, campaigning in virginia. >> after losing about 800,000 jobs a month when i took office, our businesses have now added 5.2 million new jobs over the past 2 1/2 years. this morning we found out that the unemployment rate has fallen to its lowest level since i took office. more americans entered the work force, more people are getting jobs. it's a reminder that this country has come too far to turn back now. >> mitt romney also campaigning in virginia. not as impressed. >> we don't have to stay in the path we've been on. we can do better. there was a report that just came out this morning on job creation this last month. there were fewer new jobs created this month than last month. and the unemployment rate as you know this year has come down very slowl
will go up. from the bottom 10% to 15%. you argue that nothing puts chill in the economy more than that. >> absolutely. we ought not to be raising taxes. the pledge by biden is pledge to american people that they'll oppose any and all tax increases. biden wants to pretend it's for the upper income people. for all the taxpayers. one thing to keep in mind. the promise that obama made four years ago never to raise taxes on anyone who less than $250,000 a year has been replaced. biden didn't get the memo. what he said starting august 8 in grand junction, colorado, the new plan is no income tax increase next year. >> neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> that's what we don't know. he's promising that for one year he won't raise incomes taxes. we know the tax increase in january could have been avoided if the democrats for two years, they could have made the tax cut permanent for foreign people, middle income people, left-handed people. they made it permanent for nobody. that telegraphs the plan. af
and governor romney promised better days ahead, but when will this economy finally start working again for the middle class? the middle class is stuck in the middle. ♪ here i am stuck in the middle with you ♪ >> the classic song was from 1973, but today's middle class is stuck as two political parties run away from the center. what the middle class needs is a deal. >> let's make a deal! >> to grow jobs and to fix the fiscal cliff. senators are talking about starting to talk. how close are they? those of you in the middle are stuck between a near-term fiscal cliff calamity and a long-term debt disaster. one means a recession and lost jobs. ignoring the other means slower growth and lost jobs. it will take real statesmanship, washington, to tackle both at the same time. meantime, it's the jobs right in the middle that disappear, and majority of jobs created make just 13 bucks an hour or less. you're stuck in the middle of closing arguments of an election year, but the two words that matter most to the middle class, you're hired. and in a moment we will look at whether enough jobs are
is progressing and away the mature economic and economy as we have it pretty sound situation. well, if you compare what is happening in the u.s. in terms of the design of the framework of my economic policy, this is a totally different vision. in the u.s. you have the degree of flexibility. it's ready to intervene and to apply a very flex ability monetary policy, wearing europe the process is very cumbersome. it is a process in which the decision-making is extremely complex and we lack a proper lender for sovereign ends. this is the root of the problem today, that we have to apply fiscal policy, but we don't have a sufficiently policy. i would like certainly a lender of last resort. there is a situation for and stability in the sovereign that markets an example for that, in this chart you see the spread of the government that equally compare with germany and the spread is nearly 650 basis point. as you can all understand, it is impossible to work within a monetary union with such discrepancies between the core countries to finance themselves in european countries in this case, we have to p
saying they're slowing down but a hard landing. stabilizing around here helping out the world economy tremendously but in my opinion still remains to be seen. i am not quite sure, china will hold 7.5% level. sandra: charlie, you see reason to play defense into the upcoming election. in fact, you say there is a way to say if romney wins or if president obama wins. what would that exactly be if there was various outcomes to the election, obviously? >> i think the chances are that capital i believe pretty much on strike for most of this year is going to see the potential for better economy, the first year of any administration doesn't tend to be that good of a year for the market or the economy. the market would definitely see the possibility to come off the sideline in the later part of next year into 2014. your previous guest talking about how a win for obama pretty much has been discounted, but if you see it, it'll be capital sitting on its hands for the next four years. david: if in fact obama wins the election, fiscal cliff is resolved, therefore you think all this cash, we are seei
,000. and so we're seeing steady improvement in this economy. i will talk for a minute as employer. i've been in the private sector for two decades. i'm in a community that had double-digit unemployment. we're seeing job growth and seeing employers beginning to hire again. would i say this i have every faith and confidence that the data put out by the federal government is fair, nonpartisan. tony who was, george bush's deputy press secretary said of course these aren't manipulated. melissa: i didn't accuse you of manipulating them. i don't for one second doubt them. i'm saying the two surveys, the numbers are very different. 1, one, 8 -- 873,000 added. but 750,000 showing up working on one but not showing on payrolls. that means they're not working in offices. maybe they're selling stuff on ebay, working part time. doing things that don't show up. how do you reconcile those 7508,000 people who aren't showing up on payrolls? >> well, i'm not sure i can specifically reconcile. i will tell you these surveys tend to have lags in them. again the trend line is absolutely clear. 5.2 million jobs add
economy from the middle out rather than from the top down. look, i know vice president biden. i know he's looking forward to having a spirited exchange about ideas. i simply hope this, i hope what paul ryan does is something fundamentally different than what mitt romney does, and that is i hope he comes with just a modicum of truth and willing to defend their policies rather than to admit somehow they don't exist. >> and, finally, will we see a different game from president obama in the next debate? >> well, again, i think now that barack obama has had the opportunity to meet both mitt romneys, i don't doubt that he'll make some adjustments. i know he's looking forward to the next debate. >> robert gibbs, thanks very much for your time this morning. >> george, thanks for having me. >> let's hear from the romney campaign. ed gillespie joining us this important. ed, thanks for getting up this morning. you heard robert right there, masterful, theatrical, fundamentally dishonest. i guess his basic point now about governor romney on his tax plan is either that he's not telling the truth abou
to battleground virginia. of economy is at the center election, and at the center of the economy is small business. talk a lotpaigns how they are going to help small businesses. visited one in loudon county. let's take a look. >> loudon county, virginia, has history of bootleg whiskey. probably find some still in business there. some legaly whiskey. despite attala lack of experience, scott, a former technician, and his wife, becky, a chemical engineer, started to build their distillery in 2009, in the depths of the recession. put in a lot of personal equity, but there is also help that comes with it. they had a loan from the small business administration. now their top concern is health care. >> is very difficult to find options for company the size of ours. it remains to be seen. about an hour's drive away, visited this real estate office. time they had 20 agents of three offices, then at the real estate .ubble burst >> when barack obama talks his predecessor's policies responsible, how you respond to that? phooey. >> he has to take responsibility for some of the past four years. don't feel that
don't work on this, the whole economy is going to come skidding to a halt. >> and ben, the irony of course the debates focused on the economy and this seems like question he number one. >> i'm floored, charles, i'm glad you brought it up. the sequester is probably as bad an idea as ever come out of congress and the white house. the idea to me in particular, of cutting the defense budget, 5% of the budget, equally, roughly 5% of gdp, very, very roughly, more like 4%. >> right. >> ehe quali with domestic spending is just insanity, it's suicide. if mr. osama bin laden were still alive, he would like us to be doing this. everyone would like us to be disarming unilaterally and it makes no sense at all. >> adam, i've got to say, mitt romney brought up simpson bowles, even though the question was never asked and acknowledging the question something needs to be done. >> he brought up simpson bowles, and either candidate is discussing the fiscal cliff, there isn't much difference between them. a pox on both their houses. >> it's a bipartisan mistake and problem. i don't disagree with what
in infrastructure, if we level the playing field, we will grow the economy. frankly, we have a ball and chain. it is congress. congress is holding us back. we need to change congress in two ways. we people who are more fiscally responsible. when the people who know the basics of how to work together. you will hear these things a lot tonight in my comments. i was the governor who drew top tax fraud. i had to cut $5 billion from the state budget, including my own salary. i'm the only governor in modern times who left the office with a smaller general fund budget and when i started. i know how to be fiscally responsible. my opponent when into the united states senate in 2001 with the biggest surplus in the united states and six years later left with massive deficits. during his time in the senate, the national debt went up by $16,000. he conceded that spending was a problem in the senate. we also have people who need to know how to work together. i learned to cut crime bills and the economy. my opponent said his job was to not democrats softly. he took this similar position in the senate, fighti
in the first place. wall street cannot be allowed to be reinstated. it drove our economy off the cliff and people tried to punish our records but they were not the ones that drove off the cliff. yet that is where the budget goes to recoup. it's time for us to have responsible regulation that makes sense. >> thank you very much >> moderator: final question i will be asking. you have three minutes to both answer the question and then make your closing remarks. mr. renacci, you talk a lot about a bipartisan group that you are a member of, 16 members, eight republicans, eight democrats, and devotee sutton you talk about reaching across the offer cash for clunkers. no single party can have all of the good ideas. i wonder what you heard from your colleagues on the other side of the all that makes sense, and what are you doing specifically to bring the governments instead of gridlock to the nation's capital? and i think we split ahead of time, and the first response, final response will go to congresswoman sutton. sutton: thanks very much for the question. i think building those relationships
the global economy. some of the world's leading economic minds have gathered at the tokyo international tor forum for the annual meeting of the international monetary fund and world bank. nhk's ron madison is there and will be there all week. i was hoping you could break this down for us. what's going on there? >> reporter: there's lots going on. already been a very full morning. lots of people here. we have finance ministers, central bank governors and other officials from 188 member nations all here now to really, you know, try to agree on how to deal with the problems that they share. and as you point out, they do have quite a few of them. of course, we've got the debt crisis in europe. but also another factor is the slowing growth in china. also, political problems on the horizon in the united states as well as other places. now, the economists from the imf have answered some of our questions with their world economic outlook. we'll have the details of that coming up in just a few minutes. now, also finance ministers and central bankers from the group of 7 nations will be meeting to dis
the economy. people are saying in the business community is that a guy that's unconnected -- this detached could ruin another four years for the country. neil: you reminded me that things could change in politics. a week ago at this time, mitt romney couldn't win. are we to tread carefully here making statements? >> you know, here is the deal. the romney campaign is on an upsurge. fundraisers, super pac razors, everybody on the gop is going to take advantage of that. because we never know what's going to be on the flipside. we don't know what's coming around after the next debate. so everybody is taking advantage of it. yes, your answer is we are on a roll right noo and we are taking advantage of it and we are going to do everything that we can. we don't know. you know come the next flip back and it can be obama. this is a very volatile race and it's tight. >> there is no doubt a couple of weeks ago and it looked like he was losing -- there was no doubt that his contribution -- they were saying that we are going to divert a ton of money to house and senate candidates in that debate proves
, applications today are refinance applications and a lot of that money is coming back into the economy and will help during the fourth quarter. that's the good news. bad news is all the job losses on the good producing side of the sector. manufacturing job loss two months in a row. that's global demand and the global weakness. you see the unevenness of the recovery persist. >> that's the stuff that presidential candidates or presidents can have difficulty moving the needle on. you did talk about housing which i've been calling the golden lining around the cloud. i want to bring in don peebles. he owns a real estate firm. he's a democrat. don most of your work is in sort of bigger stuff. you're not buying individual homes. but there's definitely stuff going on in the construction sect jobs in home building, in home buying as diane said in refinancing. these low rates as expensive as they've been to keep in place seem to be combining with low home price, low property price and causing some activity. >> the housing market has picked up especially in more of our global cities. if you look
to understanding the problems of our economy, presenting a plan for the american people, so i think that paul is going to do -- going to do a great job, but i also think it's very important for people to understand, and i think people realize that joe biden is a gifted or ator. he is very good at rhetoric, and i think is he very relatable so i think it's two different people, and i think it's going to be a great night. >> have you talked to ryan at all about his debate performance, what he needs to do, that whole thing? >> sure. paul is one of my very good friends. i talk to paul all the time about a lot of different things, but i think he is taking it very seriously. sure. i think both parties should be nervous. i mean, it's a big night. it's a big -- it's always going to be a big night. >> do you think it makes a difference? there are a lot of people who say, look, the debates are a side show. it's all about -- do you think that ryan has to keep the momentum going from what was widely seen as a mitt romney win in denver? >> we had a good week last week. there's no doubt about it. we have to
on the economy, how does the consumer feel about the so-called recovery? we bring you new numbers on that at the top of this coming hour. and let's go to nicole. we have news on apple's mini ipad. what's the news and what's the stock doing? >> oh, the speculation is swirling. well, we'll see whether or not apple takes off the-- and goes under the the wraps here. october 23rd, the day we're looking for. this may be the day we learn a lot more about the ipad mini that we have been talking about here on "varney & company," right. stuart: when we learn a lot more, what will it be? the specs on the thing, how big, how small. >> i don't know. invitation only event. it was reported all things d on today. and we've talked about the fact that the ipad is 9.7 inches, the ipad mini based on some of the analysts who went over to asia and saw some of the displays being ordered were speculating it could be 7.8 inches, so 7.8 rather than 9.7. and so, it will be smaller and will be able to compete, obviously, more readily with the kindle fire and the other smaller types of tablets. stuart: i just
, how would you describe the jobs economy and right now? guest: this is the weakest recovery we have had since world war ii. the jobs numbers each month, we have averaged around 145,000 jobs created per month this year. that is barely enough to keep up with the growth of the working age population. and it has been a somewhat brazilian recovery in that there have been a lot of fears that we would go back into recession at various times and that has not happened. the overall economy has grown roughly 2% since the recession ended in june, 2009. that is a fairly weak growth rate, particularly after the death of the recession. by many measures, this is easily the worst since the great depression corporate -- the great depression. the modest and sometimes weak growth we have had has made it very difficult for the unemployed. we have long-term unemployed, those are of work for six months or even a year, that has been a record -- at record levels. ben bernanke has long term crashes -- the prices of long- term unemployment. -- the crisis of long-term unemployment. host: let's begin with a call fr
, the economy comes to life. norfolk southern. one line, infinite possibilities. >> we know why we're here. to connect our forces to what they need when they need it. >> to help troops see danger before it sees them. >> to answer the call of the brave and bring them safely home. >> around the globe, the people of boeing are working together to support and protect all who serve. >> that's why we're here. >> corporate funding is also provided by prudential financial. additional funding is provided by the annenberg foundation, the corporation for public broadcasting and by contributions to your pbs station from viewers like you. thank you. once again, live from washington, moderator gwen ifill. gwen: good evening. the first debate is behind us and the presidential race is tighter than ever. for different reasons, both candidates returned to the campaign trail this week with renewed vigor. >> you may know that a couple of nights ago we had a debate. you may have got an chance to see that. i got the chance to ask the president some questions i think people across the country have wanted to ask
to try to talk down the economy to score a few political points. it's a reminder that this country has come too far to turn back now. >> eliot: not if you're mitt romney. the g.o.p. contender talked down the jobs numbers and the economy at an abingdon, virginia, rally. >> romney: there were fewer new jobs created this month than last month. the unemployment rate as you noted this year has come down very, very slowly. the reason it's come down this year is primarily due to the fact that more and more people have just stopped looking for work. >> eliot: mitt just can't stand good news on the economy, and neither can his friends on the right, including knocks fuss anchor stuart varney who suspect politics were behind the jobs numbers. >> oh how convenient that the rate dropped below 8% for the in 43 months five weeks before the election. >> eliot: unbelievable jobs numbers, these guys will do anything. can't debate so change numbers. tweeting in regards to today's jobs report, i agree with jack welch, chicago style politics is at work here. more about jack welch and g.e. and accurate numb
of legislation, sitting in congress. and it is much ado about nothing, this election is about the economy, the president has not performed. he is chasing every rabbit down the trail to make this thing about his own record, and the miserable condition of the economy. and that is what we'll talk about. >> but isn't the problem? it comes down to trust, and therefore, we have to trust him, generally. and even his position on abortion in the last 12 months has flip-flopped on abortion. >> it has not, piers. >> it has. >> it has not, piers -- >> let me put the allegations to you, and you can respond. the allegation is that he was saying before i want to repeal roe versus wade, and i want to power to go to the state. and he says now he has no plans regarding abortion. so which is it? >> listen, he is referring to whether or not there is some piles of legislation in congress that he is pursuing in his presidency. he is committed to, and has said it still yet today the fact that we will not be funding abortion with taxpayer's money, whether it be in his own budget or whether it be in foreign aid.
's move to issue number one here in the united states. the economy. the obama campaign flatly says you're lying. lying about the cost of your tax plan, you're proposed tax reforms. so far you haven't released a lot of specifics about eliminating various loopholes or you've said your tax cuts would be revenue neutral you wouldn't add to the deficit. let's go through how you would do that. specifically home mortgage deductions, charitable mortgage contributions. are you ready to remove those? what's going on? >> well, i've made pretty clear that my prirnls are number one simplify the code. number two, create incentives for small and large businesses to grow. number three, don't reduce the burden on high income taxpayers. and number four, remove the burden somewhat for middle income people. i don't want to raise taxes on any group of americans. those are the principles. at the same time how we carry them out would be lowering the tax rate across the board and making up for that, both with additional growth and with putting a limit on deductions and exemptions, particularly for people at t
on the government? >> that's two questions. it is partly the result of the sanctions. iran's economy is being squeezed. it can't sell oil that it wants to in the quantities that it wants to. the result is there is no confidence in the local currency, the rial. but as yet, it hasn't had the effect of changing tehran's mind in its nuclear program. the first indication which would be a willingness to cooperate with the rest of the world and to answer some rather pertinent questions about its nuclear program. what was it doing and what were those activities all about? melissa: in the meantime we've been hearing reports about this growing rift between ahmadinejad and the ayatollah khomeni. do you believe that and how does that change the situation? >> it helps the situation but it doesn't really change the situation. confusingly iran has not only a president, ahmadinejad but also a supreme leader, ayatollah ali khomeni. the supreme leader, as the name would suggest, is much more senior person than the president and the problem here is that although ahmadinejad was khomeni's candidate for the job,
of the council of economic advisors said the report provides further evidence that the u.s. economy is continuing to heal from the wounds inflicted by the worst do downturn since the great depression. but the former ceo of general electric jack welch tweeted this. "unbelievable job numbers. these chicago guys will do anything, can't debate, so change numbers." the partisan pushing continues this morning. >> on friday we learned that the unemployment rate is now at a its lowest level since i took office. >> friday's jobs report shows that america still desperately needs jobs. yet the president's central and so sole proposal means fewer jobs. >> finally start doing something to acatually help the middle class get ahead. >> we can't afford four more years like the last four. falling incomes, rising prices, 23 million americans struggling for work. >> congress needs to step up and pass my plan to create a veterans job corps to help our returning heroes find work as firefighters, cops. a few weeks ago republicans in the senate voted that plan down. ask them why someone who fights for this country abro
's the world economy and the u.s. economy. the imf cited two reasons things could get worse, first if european lead s fail to support their ailing economies and second if leaders here in the united states let us plunge over the fiscal cliff. the imf sister organization, the world bank citing the same two factors, cut its growth forecast for asia this week as well. now, that's for the next couple of years. where are we going to be in 2016, four years from now, when we're discussing the next u.s. election? that depends on which of these two roads america takes on election day. i'll take you down both paths on this show starting with what 2016 will look like under a president mitt romney. start with jobs. he says 12 million jobs will be created in the next four years. as i keep telling you, that claim it ridiculous, considering the sluggish growth we're seeing right now and the new downward revision. but for the purposes of this exercise, i'll take him at his word and presume an historic surge in jobs lies ahead. let's talk about taxes next. i'm going to let governor romney explain this for himse
Search Results 0 to 49 of about 1,328 (some duplicates have been removed)